Pakistan, Türkiye discuss regional security issues amid deepening defense cooperation

In this file photo taken on February 13, 2025, Turkish President Recep Tayyip Erdoğan and Pakistan’s Prime Minister Shehbaz Sharif witness the exchange of MoUs and agreements signed between Türkiye and Pakistan to enhance cooperation in various fields, in Islamabad, Pakistan. (PMO/File)
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Updated 24 July 2025
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Pakistan, Türkiye discuss regional security issues amid deepening defense cooperation

  • Inaugural meeting of Pakistan-Türkiye Joint Standing Committee on Security, Defense and Intelligence held in Islamabad, says foreign office
  • Islamabad, Ankara have eyed greater defense collaboration after Türkiye’s public support for Pakistan during its recent conflict with India

ISLAMABAD: Officials from Islamabad and Ankara discussed regional and global security issues on Thursday, Pakistan’s foreign ministry said, as both countries eye greater collaboration in defense and other sectors.

A delegation of Turkish officials led by the country’s Director General for South Asia Ambassador Cihad Erginay met a Pakistani delegation headed by Additional Secretary (Afghanistan & West Asia) Ministry of Foreign Affairs Ambassador Syed Ali Asad Gillani. The two sides met during the inaugural meeting of the Pakistan-Türkiye Joint Standing Committee (JSC) on Security, Defense and Intelligence.

The joint committee was created after the seventh session of the High-Level Strategic Cooperation Council (HLSCC) between Pakistan and Türkiye on February 12 and 13, Pakistan’s foreign ministry said.

“Both sides discussed emerging geo-political trends including global and regional security issues,” the foreign ministry said in a statement.

It said discussions at the joint committee will contribute to preparations for a meeting of the joint commission between the two nations, which will be co-chaired by Pakistan’s deputy prime minister and Türkiye’s foreign minister.

“Both countries continue to work closely across a broad spectrum of areas, including defense, trade, energy, transport, culture, tourism, education, defense industries, agriculture, health, science and technology,” the statement concluded.

The development takes place amid deepening relations between the two countries and follows Türkiye’s public condemnation of Indian cross-border strikes in Pakistan during a brief conflict between the two South Asian neighbors in May.

Both countries have maintained close military ties in recent years. Under a 2018 agreement, Türkiye is delivering four MILGEM-class corvettes to the Pakistan Navy, with two built in Istanbul and two at Karachi Shipyard under a technology transfer arrangement.

The first vessel, PNS Babur, was delivered in 2023.

Türkiye’s foreign and defense ministers also arrived in Pakistan earlier this month for a series of high-level meetings focusing on counterterrorism, defense cooperation and broader strategic ties.

Pakistan’s Chairman of Joint Chiefs of Staff Committee (CJCSC) General Sahir Shamshad attended the 17th International Defense Industry Fair in Istanbul on Wednesday.

The top Pakistani general held separate meetings with the defense ministers of Türkiye and Azerbaijan to discuss bilateral security cooperation, the Pakistani military’s media wing said.


Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

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Pakistan issues over $7 billion sukuk in 2025, nears 20 percent Shariah-compliant debt target

  • Finance Adviser Khurram Schehzad says this was the highest-ever Sukuk issuance in a single calendar year since 2008
  • Pakistan’s Federal Shariat Court ordered in 2022 the entire banking system to transition to Islamic principles by 2027

ISLAMABAD: Pakistan’s Finance Adviser Khurram Schehzad on Monday said the country achieved a landmark breakthrough in Islamic finance by issuing over Rs2 trillion ($7 billion) sukuk this year, bringing it closer to its 20 percent Shariah-compliant debt target by Fiscal Year 2027-28.

A sukuk is an Islamic financial certificate, similar to a bond, but it complies with Shariah law, which forbids interest. Pakistan’s Federal Shariat Court (FSC) had directed the government in April 2022 to eliminate interest and align the country’s entire banking system with Islamic principles by 2027.

Following the ruling, the government and the State Bank of Pakistan (SBP) have undertaken a series of measures, including legal reforms and the issuance of sukuk to replace interest-based treasury bills and investment bonds.

“In 2025, the Ministry of Finance (MoF) through its Debt Management Office, together with its Joint Financial Advisers (JFAs), successfully issued over PKR 2 trillion in Sukuk,” Schehzad said on X, describing it as “the highest-ever Sukuk issuance in a single calendar year since 2008 by Pakistan.”

Pakistan made a total of 61 issuances across one-, three-, five- and 10-year tenors, according to the finance adviser. The country also successfully launched its first Green Sukuk, a Shariah-compliant bond designed to fund environment-friendly projects.

He said the Green Sukuk was 5.4 times oversubscribed, indicating investor demand was more than five times higher than the amount the government planned to raise, which showed strong market confidence.

“The rising share of Islamic instruments in the government’s domestic securities portfolio (domestic debt) underscores strong momentum, growing from 12.6 percent in June 2025 to around 14.5 percent by December 2025, clearly positioning the MoF to achieve its 20 percent Shariah-compliant debt target by FY28,” Schehzad said.

“This milestone also reflects the structural deepening of Pakistan’s Islamic capital market, sustained investor confidence, and the strengthening of sovereign debt management.”

He said Pakistan was strengthening its government securities market by making it more resilient, diversified, and future-ready, supported by a stabilizing macroeconomic environment, a disciplined debt strategy, and a clear roadmap for Islamic finance.